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Policybazaar IPO GMP today, allotment, lot size, stock prices will be discussed here. On Monday, PB Fintech Ltd’s Public Offering (IPO), which has an online policybazaar insurance platform and Paisabazaar web credit comparison, will be available for subscription. For IPO RS 5,710-Crore, this business has set a price range of RS 940-980 per share.
Policybazaar IPO GMP Today
On November 3, the subscription period will end. Investors can place an offer of only 15 equity shares and as many as 15 equity shares after that. Prime Public Offering (IPO) Policybazaar will cost RS 14,700 per lot (15 shares).
This consists of new issuance of equity shares worth 3,750 Crore RS and offers for sale by existing shareholders for RS 1,960 Crore. SVF Python II (Cayman) will sell shares worth RS 1,875 Crore, Yashish Dahiya will sell shares worth RS 30 Crore, Alok Bansal will sell shares worth RS 12.75 Crore, Shikha Dahiya will sell shares worth RS 12.25 Crore, and Rajendra Singh Singh will sell RS 12.25 Crore, and Rajendra Singh Singh shares worth RS 3.5 Crore as part of the offer for sale (ofs).
Policybazaar stock price today
In addition, the founder of United Trust will sell around 2,67,500 shares, worth RS 26.21 Crore with the price of the top band. Customers can explore and choose insurance and personal credit solutions with various options and transparency. Superior data analysis and client services are assisted by owner technology.
Collaboration with several companies to provide insurance and loan solutions. Policybazaar and paisabazaar platforms have strong network effects. High reform level. This model is capital efficient and has a minimum running cost. Founder and management with a lot of experience.
Policybazaar rations today
Increasing exposure and awareness of company brands, such as “Policybazaar” and “Paisabazaar” – RS.15,000 million. New consumer potential, including the presence of offline – RS.3.750 million. 6,000 million rupees for investment and strategic acquisitions. RS.3.750 million to expand footprints outside India. For general business purposes.
IPO lot size at Policybazaar
The size of the IPO market lot for Policybazaar is 15 shares. Individual retail investors can submit up to 13 lots (195 shares or $ 191,100) in one transaction
Policybazaar stock price today
Date of IPO, Allotment, and Register for Policybazaar – The IPO date for Policybazaar is November 1, 2021, and the closing date of the IPO is November 3, 2021. The IPO got a list on 15 November 2021, with a date allocated on November 10, 2021.
The mention of the IPO Gray (Policybazaar IPO GMP) market is only valid for the specified date in the header.
The level of boarding is the profit obtained by selling IPO applications (in transactions outside the market) to others before this problem is allocated or registered.
Do not subscribe to IPOs only based on premium prices because it can be changed at any time before the list. Only evaluate the basis of the company when subscribing.
Policybazaar Lot size
PB Fintech’s mainstay products are: -Policy Bazaar (100 percent subsidiary) especially responding to customer demand for more knowledge, choice, and transparency of insurance products through online sales. As a result, it has developed into the largest digital insurance market in India, with a market share of 93.4 percent (based on the number of policies sold); At FY20, this contributed 65.3 percent of India’s digital insurance sales based on volume. This has collaborated with 51 insurance companies and has 48 million customers on its platform.
